HYBRID SEEDS MARKET ANALYSIS

Market News

Key Developments:

• In January 2018, Bayer AG, had launched a hybrid rice seed with robust tolerance to Bacterial Leaf Blight (BLB) and Brown Plant Hopper (BPH) pests. Brown Plant Hopper pests are one of the most destructive pest particularly found in the rice growing areas of India.
• In April 2018, BASF SE acquired Bayer's trades and assets, which includes Bayer’s global glufosinate-ammonium business; seeds businesses with traits, the R&D platform for hybrid wheat, research and breeding capabilities, a range of seed treatment products, and many other projects. This acquisition will help BASF SE to strengthen its market position in agriculture business.
• In November 2018, Syngenta opened new research and development center in Antalya, Turkey for cucumber seeds to develop newest and most advanced breeding and seed technologies. Its is expected to increase the product portfolio of Syngenta in Middle East and Africa.
• In February 2016, HM.CLAUSE, a subsidiary of Groupe Limagrain, acquired Genica Research Corporation, a company specialized in research of breeding and production of hybrid vegetable seeds. This acquisition will help Groupe Limagrain to boost the research and development activities for vegetable seeds.